Luther Village III of Dover Inc

Analysis

Luther Village III of Dover Inc is a registered charity in United States, based in Dover, DE. It received its IRS tax-exemption ruling in November 2012, 14 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Luther Village III of Dover Inc reported income of $499k and spending of $607k, spending 122% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $3.2m to $499k (-85%), an average of -37% a year. The sharpest change came in the year to June 2021, when income dropped by 87%. Over the whole period it spent 57% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Luther Village III of Dover Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 65th percentile within DE. Charities of a similar size with the same main cause include Ehdoc Shaker Blvd Inc ($499k), Mid-East Housing Incorporated ($499k) and Mhany Mother Gaston Housing Development Fund Corporation ($499k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.1% and program service revenue 95% of the total. Other salaries and wages came to $138k. At year end it held assets of $7.6m against liabilities of $51k, net assets of $7.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.